WESTCO PROPERTIES LIMITED
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Cash
£71k
Latest balance sheet
Net assets
-£689k
-130.6% lowest in 3 filed years
Employees
—
Average over period
Profit before tax
-£2.9m
-4,996.7% lowest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Negative shareholders' funds
Net assets
3-year trend · vs Industrials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2026-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 | 2026-03-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £73,495,000 | £87,109,000 | £87,848,000 | +0.8% | |
| Operating profit | £7,764,000 | £5,181,000 | £3,902,000 | -24.7% | |
| Profit before tax | £3,433,000 | £60,000 | -£2,938,000 | -4,996.7% | |
| Net profit | £3,433,000 | £60,000 | -£2,938,000 | -4,996.7% | |
| Cash | — | — | £71,000 | — | |
| Total assets less current liabilities | £71,185,000 | £87,056,000 | £106,273,000 | +22.1% | |
| Net assets | £2,249,000 | £2,249,000 | -£689,000 | -130.6% | |
| Equity | £2,249,000 | £2,249,000 | -£689,000 | -130.6% | |
| Average employees | — | — | — | — | |
| Wages | — | — | — | — | |
| Directors' remuneration | £343,000 | £283,000 | £208,000 | -26.5% |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2024-03-31 | 2025-03-31 | 2026-03-31 |
|---|---|---|---|---|
| Operating margin | 10.6% | 5.9% | 4.4% | |
| Net margin | 4.7% | 0.1% | -3.3% | |
| Return on capital employed | 10.9% | 6.0% | 3.7% | |
| Gearing (liabilities / total assets) | 97.5% | 97.9% | 100.6% | |
| Current ratio | 4.55x | 5.25x | 7.46x | |
| Interest cover | 1.79x | 1.01x | 0.57x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Name history
Renamed 1 time since incorporation
- WESTCO PROPERTIES LIMITED 2014-01-09 → present
- WESTCO PROPERTIES LTD 1992-01-09 → 2014-01-09
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- KPMG LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors, after reviewing the company budgets for 2026 to 2027 and the group's medium term financial position as detailed in the 30-year business plan, is of the opinion that, taking account of severe but plausible downsides, the group and associated companies have adequate resources to continue in business for the foreseeable future. The Board therefore continues to adopt the going concern basis in preparing the annual financial statements.”
Group structure
- WESTCO PROPERTIES LIMITED · parent
- Advantage Southwest LLP 33%
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 48 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BEAL, Sarah Elizabeth | Secretary | 2026-01-29 | — | — |
| BALDWINSON, Russell Jon | Director | 2022-03-29 | May 1971 | British |
| HART, Andrew John | Director | 2016-05-12 | Feb 1966 | British |
| HAWKETTS, Simon David Timothy | Director | 2024-02-22 | Oct 1972 | British |
| SLOMAN, Andrew George | Director | 2024-02-22 | Nov 1971 | British |
Show 48 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BUTCHERS, Teresa Georgina | Secretary | 1999-04-14 | 1999-08-05 |
| CHILDS, Lisbeth Ann | Secretary | 1996-11-22 | 1997-04-23 |
| DIMENT, Peter Charles Michael | Secretary | 1992-01-10 | 1994-03-01 |
| FARRAR, Jill | Secretary | 2014-10-07 | 2020-09-01 |
| FRANCIS, Susan Kathryn | Secretary | 2007-09-28 | 2014-10-07 |
| GULHANE, Angeli Asha | Secretary | 1994-03-01 | 1996-11-22 |
| JOSEPH, Derek Maurice | Secretary | 1997-04-23 | 1998-03-31 |
| LEWIS, Nicholas John | Secretary | 1998-11-06 | 1999-04-14 |
| MACGREGOR, Anthony John | Secretary | 1999-08-05 | 2006-07-13 |
| MASSIE, Scott Edward | Secretary | 2020-09-01 | 2021-05-27 |
| MAUNDER, Lisa Jane | Secretary | 2021-05-27 | 2026-01-29 |
| TOPLIS, Howard Mark | Secretary | 1998-09-01 | 1998-11-06 |
| WINGHAM, David | Secretary | 2006-07-13 | 2007-09-28 |
| APPS, Anthony John | Director | 2001-07-12 | 2008-09-10 |
| BANKS, Alistair James | Director | 2017-03-30 | 2024-01-19 |
| BARLOW, David Garth | Director | 2013-03-21 | 2014-09-25 |
| CHUBB, David Graham | Director | 1997-04-23 | 2006-09-14 |
| CLARKE, Laurence Timothy James | Director | 2012-07-26 | 2015-11-09 |
| CONNOLLY, Richard Mark | Director | 2006-07-13 | 2014-09-12 |
| DILLON, Peter Anthony Martin | Director | 2012-07-26 | 2015-11-17 |
| FRANCIS, Susan Kathryn | Director | 2004-01-29 | 2016-05-12 |
| FRANKLIN, Anthony John | Director | 2017-03-30 | 2025-05-01 |
| FRANKLIN, Tony | Director | 2011-03-31 | 2012-04-02 |
| FRY, Charles Anthony | Nominee Director | 1992-01-10 | 1992-04-29 |
| GARRETT, Melvyn John | Director | 2022-03-29 | 2024-11-21 |
| GLANVILLE, Carole Mary | Director | 2001-07-12 | 2003-09-18 |
| HARRIS, Brian Phillip | Director | 2003-10-16 | 2006-06-23 |
| HART, Andrew John | Director | 2001-10-18 | 2004-01-29 |
| HATFIELD, Robert Michael Ray | Director | 2012-04-02 | 2012-09-30 |
| JOSEPH, Derek Maurice | Director | 1992-04-01 | 1998-03-31 |
| JOSS, Douglas Andrew | Director | 2012-07-26 | 2016-09-30 |
| KELLAGHER, George Cecil Bannerman | Director | 1997-04-23 | 1999-09-27 |
| LANE, Geoffrey | Director | 2006-07-13 | 2008-10-16 |
| LARNER, Timothy James | Director | 2014-08-01 | 2017-03-30 |
| LO, Robert Anthony | Nominee Director | 1992-01-10 | 1997-04-23 |
| PENNINGTON, Kathryn Margaret | Director | 2014-09-12 | 2017-01-05 |
| PENNINGTON, Kathryn Margaret | Director | 2011-03-31 | 2012-04-02 |
| PRESCOTT, Peter Anthony | Director | 2006-07-13 | 2011-03-31 |
| PRESTON, Charles Stephen | Director | 1999-09-27 | 2004-09-16 |
| RILEY HUMFREY, Helen | Director | 2002-12-12 | 2005-09-22 |
| SALTERN, Michael Francis | Director | 2009-01-14 | 2015-11-07 |
| SANGER-ANDERSON, Simon John | Director | 2006-09-14 | 2014-09-30 |
| SAUNDERS, John | Director | 1999-09-27 | 2002-12-12 |
| SMITH, David Geoffrey | Director | 2001-07-12 | 2003-01-16 |
| SPENS, John Patrick | Director | 1992-04-29 | 1997-04-23 |
| STEVENS, Angela Jane | Director | 2009-01-14 | 2009-10-01 |
| TEAGLE, Stephen John | Director | 2001-10-18 | 2006-01-31 |
| TUCKER, Steven Paul | Director | 2008-09-10 | 2011-03-31 |
Ownership
Persons with significant control
Filing timeline
Last 20 of 227 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-19 | AA | accounts | Accounts with accounts type full | |
| 2026-06-03 | TM01 | officers | Termination director company with name termination date | |
| 2026-01-30 | AP03 | officers | Appoint person secretary company with name date | |
| 2026-01-30 | TM02 | officers | Termination secretary company with name termination date | |
| 2025-10-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-22 | AA | accounts | Accounts with accounts type full | |
| 2025-05-01 | TM01 | officers | Termination director company with name termination date | |
| 2025-04-02 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-11-22 | TM01 | officers | Termination director company with name termination date | |
| 2024-09-30 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-30 | AP01 | officers | Appoint person director company with name date | |
| 2024-09-17 | AA | accounts | Accounts with accounts type full | |
| 2024-02-28 | AP01 | officers | Appoint person director company with name date | |
| 2024-01-19 | TM01 | officers | Termination director company with name termination date | |
| 2023-10-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-09-04 | AA | accounts | Accounts with accounts type full | |
| 2022-10-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-09-08 | AA | accounts | Accounts with accounts type full | |
| 2022-05-06 | AP01 | officers | Appoint person director company with name date | |
| 2022-05-06 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 1
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.